Help on first rental property

[Michael Cortez]

Hi, so I'm looking to do my first BRRRR. I live in NJ but the homes are a bit pricey. I have family in Ocala, Fl where homes are cheaper but they're being snatched up quick. I have 25K through a HELOC (can probably get another 20K from my 401K and selling my stocks but would prefer to use OPM). If I'm putting 20% down that will leave me next to nothing for rehab. I already have a realtor who I'm in communication with (they've done business with my dad). I also have an LLC that I recently created because I know most HML/PML will only lend to a business entity. Any tips or advice would be awesome.

Thanks!